THE directors of Lothian Buses have been stripped of annual bonuses worth around £250,000.
Council leaders have axed senior management bonuses at the publicly-owned operator, which has been operating in the wake of a protracted boardroom battle.
Directors Ian Craig, Norman Strachan, Bill Campbell and Bill Devlin - who each took home between £190,000 and £270,000 in 2013 - are due to leave the company on notice of two years following the debacle, which also led to the resignation of chairwoman Anne Faulds.
Councillor Lesley Hinds, chair of Transport for Edinburgh, said: “A couple of years ago councillors asked the Chief Executive to express their concern to Lothian Buses’ Board regarding the level of remuneration and bonuses for their senior executive team.
“All elected members will welcome their decision not to pay bonuses for 2014, which I believe offers far better value to the Edinburgh tax payer, particularly as stability is restored to the company’s management.”